Rose v. Ramm

February 21, 1927, in part payment on the purchase price of property, defendant conveyed to plaintiff the vendor’s interest in a land contract running to Isadore Adler, as vendee. As part consideration for the deal, defendant executed to plaintiff an instrument, prepared by defendant, under •which he guaranteed payment of principal and interest on the Adler contract, according to its terms; and by which it was agreed that plaintiff, in case of delinquency in payment, should—

“first exhaust every customary means of making land contract collections, such as notifying the said vendee personally,…